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We entered into the Capital Purchase Program to support the efforts of the U.
In the twelve months since the company began participating in the Capital Purchase Program, SVB Financial Group has made loans to more than 400 new borrowers and has increased its market share, particularly among high-growth, early-stage companies.
Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: a decision by the Company not to proceed with the repurchase of the warrants issued to the United States Department of the Treasury under the Troubled Asset Relief Program Capital Purchase Program.
We supported the Capital Purchase Program as an important element in restoring stability to the U.
Nevertheless, Valley's management and board of directors believe that an incremental repayment at this time rather than a full repayment of the Capital Purchase Program funds is prudent based upon today's unpredictable economic environment.
Under the Capital Purchase Program, which is part of the Emergency Economic Stabilization Act, the Treasury Department has agreed to buy preferred stock and related common warrants in qualifying U.
Prior to participating in the Capital Purchase Program, FirstMerit had maintained capital levels well in excess of regulatory guidelines and based upon our current capital levels, we will continue to be one of the strongest capitalized institutions in the Midwest after redemption of the preferred shares.
As part of the Capital Purchase Program, we are committed to offering financial products that will restore faith in the U.
We are pleased that we received preliminary approval to participate in Treasury's Capital Purchase Program," said Ramani Ayer, chairman and chief executive officer of The Hartford.
00 per share (Preferred Stock) sold to the Treasury Department on January 9, 2009 in connection with the Capital Purchase Program (CPP) of the Troubled Assets Relief Program (TARP).
98 million in additional capital from the issuance of non-voting preferred shares to the United States Treasury as part of the Capital Purchase Program.
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